In The Commissioner Of Income Tax – 4, Mumbai v. M/S.wallfort Shares & Stock Brokers Private Limited, the High Court (2010) dismissed the appeal. The decision went in favour of the assessee.
Decision: 2.In this view of the matter, the appeal is dismissed with no order as to costs.
Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF JUDICATURE AT BOMBAYORDINARY ORIGINAL CIVIL JURISDICTION
INCOME TAX APPEAL NO.406 OF 2010
The Commissioner of Income Tax – 4, Mumbai..Appellant.
Versus
M/s.Wallfort Shares & Stock Brokers Private Limited
..Respondent.
Mr.P.S. Sahadevan i/by Mr.R.B. Upadhyay for the appellant.Mr.Jignesh R. Shah with Mr.P.C. Tripathi for the respondent.
CORAM : J.P. Devadhar &
R.M. Savant, JJ.
P.C. :
DATE : 6[th] December, 2010.
1.The learned Counsel for the Revenue states that the questions of law raised in this appeal are covered against the Revenue by the decision of the Supreme Court in the case of National Thermal Power Co. Limited V/s.
Commissioner of Income-Tax reported in 229 ITR 383.
2.In this view of the matter, the appeal is dismissed with no order as to costs.
(R.M. Savant, J.)
(J.P. Devadhar, J.)
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